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TogglePersonal loan interest rates and details
Learn more about how our personal loans work, how to repay them, and what rates we charge.
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What are our loan interest rates?
The following table shows our interest rates for loans of 1 to 5 years. For longer loan terms of between 5 and 7 years, we’ll need some more information during your application.
You can get a personalised quote during your application.
| Loan amount | Lowest rate (fixed) | Highest rate (fixed) | Representative APR (fixed) |
|---|---|---|---|
| £1,000 to £2,999 | 14.9% | 29.9% | 14.9% |
| £3,000 to £4,999 | 13.9% | 29.9% | 13.9% |
| £5,000 to £7,499 | 6.9% | 29.9% | 6.9% |
| £7,500 to £25,000 | 5.8% | 29.9% | 5.8% |
| £25,001 to £35,000 | 6.9% | 29.9% | 6.9% |
| £35,001 to £50,000 | 7.9% | 29.9% | 7.9% |
Representative example
5.8% APR Representative (fixed). Based on an assumed loan amount of £10,000 over 60 months at an interest rate of 5.8% p.a (fixed). Monthly repayment £191.71. Total amount repayable £11,502.60.
How do our loan interest rates work?
Our loan interest rates are fixed. Your rate won’t change during your loan term.
We calculate interest at the end of each day. The quicker you pay off your loan, the less interest you’ll pay overall.
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The interest rates we offer depend on a range of factors, such as:
- loan amount
- loan term
- your credit history and current financial situation.
How do you get a personalised quote?
You can get a personalised quote by completing our application.
After you’ve entered your details, how much you want to borrow, and how long you want to borrow for, we’ll run a soft credit check and offer you a personalised quote. Your credit rating will only be impacted if you continue with your quote and take out the loan.
We may be able to offer you a better rate if you change the amount you want to borrow or the length of time you borrow for. Even a small change can make a big difference to the overall cost of the loan, so it’s worth checking.
You can change your loan amount, term length, and get a new quote as many times as you need. And you can always go back to your original quote if you preferred that one.
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When will you get your loan?
Once we’ve checked your documents and approved your loan, we’ll arrange for the money to be transferred to your chosen bank account. You’ll have the money in your account in 2 hours.
Will you need to provide documentation?
If we need proof of income or your right to live and work in the UK, we’ll let you know in your application.
You’ll need to submit this proof separately, and we’ll provide instructions on how to do so.
How do you repay the loan?
Loan repayments are taken monthly by Direct Debit.
Your first payment will be 1 month after we issue the funds.
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You can choose to:
-
Repay your loan over 1 to 7 years
-
Make overpayments on your loan
-
Pay off your loan early
You cannot:
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-
defer your first or following payments
-
take payment holidays
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